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Singapore dollar falls below RM3 mark after currency easing seen as novel coronavirus hits economy

Justin Lim
Justin Lim • 2 min read
Singapore dollar falls below RM3 mark after currency easing seen as novel coronavirus hits economy
SINGAPORE (Feb 7): The Singapore dollar yesterday fell below the RM3 mark for the first time in about a year after the republic’s central bank said there was sufficient room for the Singapore currency to ease as the Wuhan virus hits the economy.
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SINGAPORE (Feb 7): The Singapore dollar yesterday fell below the RM3 mark for the first time in about a year after the republic’s central bank said there was sufficient room for the Singapore currency to ease as the Wuhan virus hits the economy.

The Singapore dollar dropped to an intraday low of RM2.9788 — the lowest since Aug 14, 2018 when it traded at 2.9809 — before rising to close the day at 2.9854.

Year to date, the ringgit has appreciated about 1.83% against the Singapore dollar.

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